Tax on the crypto currency! What do you think?

[Dontme]

If they want taxes from crypto currencies ofcourse they need to do the same as crypto people do. The way they transaction it by internet I think the governments should do or use the same. They need create an instrument where the crypto people are obligated to give their taxes since there is some server or something they can use to collect taxes.

[henmark]

regardless of taxes I will pay taxes for the progress and development of bitcoin. If with taxes will make the government accept bitcoin I think it does not matter, it will increase people's interest in bitcoin. After all, paying taxes is the same as building our own country.

Except you, there is a big number of population talking against bitcoin and tax paying. They are in favor to play with this bitcoin and earn money from it. Plus, they always concern about legalization of this stunning coin. But they aren’t ready to pay taxes. When something is legalized in a country, you must pay tax for it over its use. So,what’s just left out.

[BryanRoseWalker]

supporting tax from crypto means supporting its development to go to the legal tender stage, if a lot of taxes are absorbed eventually the government will also open itself to crypto, don't always think about the negative effects afterwards, but how we contribute actively in development. so far my country has only applied transaction taxes, I am not too troubled whether they have finally applied income tax this year.

[bungutko]

In my personal opinion, I think there is no need to tax cryptocurrency since once cryptocurrency has been exchange into fiat money, then when we use that money we are already paying VAT for an item and services we are paying. I somehow believe in the case where cryptocurrency will be regulated in the future, that scenario will most likely to happen but not for now.

[k1ng0fBTC]

I think most people go with capital gains tax. But honestly I am fine with any.
People hate taxes but i support them. Really. Without taxes, a country like the US will never be good and have a rapid rate of economy development.
Think about taxes as to help our goverments to build the cities, education and future for our children. This will make us more willing to pay taxes and forget about selfish needs.

I don’t think so that there is any such governing authority which can impose tax over any of the crypto currency for now as these crypto currencies are decentralized in nature and that they don’t come under the rule of any of the government. Government will only be able to impose tax over these crypto currencies at time once the government will declare them as legal currencies.

Well it would be great but how do government know that we're paying taxes ?since all the transaction are anonymous no one can trace it there's no way to identify bitcoin's wallet address.

[BagzMM]

Tax could be implemented if bitcoin must be regulated worldwide.  If other countries would not favor in regulating it then it is difficult to implement taxation on it. Transactions would not be easier because regulations are not centralized. That's why it is not possible to implement taxation.

[kristineirene]

As of this moment  what i can say is this is not the right time  for them to put a tax in crypto because first of all not all people is using crypto  in fact some of other country is trying to keep  secret using  this crypto because they still  believe that the money is main financial things that we can use. That's  why i strongly disagree  if that will be implemented because  they must allow first the cypto to legal using in all kind of aspect.

[arpon11]

I think cryptocurrencies proceeds has to be taxable and for governments to be able to regulate and bring trust into cryptocurrencies market she must benefit from its procceed.  We should know that governments regulations will drive the scammers out of the market.

[teamcrpt]

You can't escape taxes, even when you use your coins to obtain goods and solutions. If you're some who pays your taxes in the uk, it is very obvious that by now you've received some letter or some kind of notification from the HMRC telling you which you are in possession of a new tax code. Aside from assisting you to determine the quantity of taxes that you're supposed to pay, in addition, it says something about the quantity of tax-free personal relief which you're entitled to, and any other benefits like the allowances for the elderly, the blind, etc.

[ucingucingan]

if it is applied to improve the efficiency and security of transactions I strongly agree, but what still makes me confused is who will do the collection, the market or who knows to me there is a special fee applied to each transaction commonly called (GAS) and that is usually given to the miners

[calabrianexceeded]

if tax from Crypto is able to open the government's mind that its potential is very high, then I don't hesitate to do it. Taxes also function to regulate someone's greed and also prove that they care about development in their country, I hope crypto tax is far more efficient because it will also pave the way for legality.

[andibcoin]

I think most people go with capital gains tax. But honestly I am fine with any.
People hate taxes but i support them. Really. Without taxes, a country like the US will never be good and have a rapid rate of economy development.
Think about taxes as to help our goverments to build the cities, education and future for our children. This will make us more willing to pay taxes and forget about selfish needs.

I don’t think so that there is any such governing authority which can impose tax over any of the crypto currency for now as these crypto currencies are decentralized in nature and that they don’t come under the rule of any of the government. Government will only be able to impose tax over these crypto currencies at time once the government will declare them as legal currencies.

Well it would be great but how do government know that we're paying taxes ?since all the transaction are anonymous no one can trace it there's no way to identify bitcoin's wallet address.

maybe they can track from balance in exchanger account.if cryptocurrency is regulated, in my opinion cryptoexchange have to issue policy that member have to pass kyc.it used to track personal balance

[victoryana]

I think taxation in the crypto market is perfectly reasonable to apply to organizations with large crypto numbers and they have such high asset value that would be fairer for those with high dollar income.

[davydovsa]

Additional taxes on crypto should not be there. Just the normal tax bracket just as for any other income.

[Joshapat]

Of course taxes on the crypto currency are a good idea, if the country wants to take taxes on the cryptocurrencies, including exchanges, then automatically they must recognize the existence of crypto so that it becomes a good guarantee for the future.

[Kadal Ijo]

Of course taxes on the crypto currency are a good idea, if the country wants to take taxes on the cryptocurrencies, including exchanges, then automatically they must recognize the existence of crypto so that it becomes a good guarantee for the future.

Yes right, I am sure that by paying taxes to the country the users are more pleased, it is time for all countries to legalize crypto because it can be used as a source of income for many people including the state through taxes.

[Baresh]

For me, i dont think so it will happen because they not even support cryptocurrency. Then if will do, i hope that government will use the taxes in a way that it will useful to all of us.

[Bakery cream15]

Tax is good. So how possible will it be to impose tax on cryptocurrency users considering the fact that , there's nothing like link between  onchain and off chain addresses of crypto owners?

[tot-o]

Tax is good and tax implementation should be based on someone's earning for the month since many of us was earning only tokens but no token was turned into cash for a year... This issue should also be considered...

[STT]

What do you think about the taxation of cryptocurrencies? Which model fits best?

Why cant I pass a banana to another monkey without some silver back gorilla wanting to take away part of that banana so I can never truly pass on anything without loss.   Theres no reason to be taxing a simple exchange of private data, do we have to suffer tax on every single event in our lives.   Its ridiculous that government cant operate without constant interference.

If a business makes alot of profit then tax that business, if Im just transferring my personal possessions then I dont see why Im liable to confiscation of part of that.

It only really makes sense to tax an industry producing regular profits.  To tax revenue could end up closing down that industry or obstructing it